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decade. the key thing here is this is the first so-called big idea with support from influential lawmakers on both sides of the aisle. last night, the republican-led house pass its preferred solution to solving the crisis known as the cut, cap, and balance act, the legislation cuts federal spending by $6 trillion and requires a constitutional balanced budget amendment in exchange for raising the debt ceiling but the bill is expected to die in the senate. the president's focus was on the plan forged by the so-called gang of six. >> it's time to get down to the business of actually solving this problem and i think we now are seeing the potential for a bipartisanship consensus around what that would take. >> reporter: the plan calls for an immediate deficit cut of $500 billion and mandates spending caps through 2015 and require congress on find specific cuts in medicare, defense spending, agricultural and energy. it would phase in the lower inflation measure for social security and scale back, but not eliminate, deductions for mortgage interest and charity and retirement counts and
smart to get in, you were smart. >> it has become a big business the last few years with the cost of coffee. cheers to your ice water there. >>> we want to update you, first, with the latest from washington on those debt talks. there are only five days left for congress to pass a budget cutting plan that will raise the government borrowing limit and avoid a possible default. this morning, the house is set to take a very important vote and much of america from main street to wall street will be watching. cbs news congressional correspondent nancy cordes is on capitol hill this morning. nancy, good morning. >> reporter: good morning to you, erica. that's right. the vote today is on speaker boehner's bill to raise the debt ceiling and it's important because it's one of the two bills out there that could possibly get us out of this mess. but at this hour, it's still very uncertain whether speaker boehner has the republican votes he needs to pass it. and so he became boehner the enforcer yesterday, holding several meetings with house republicans, tea party republicans, freshmen republi
, the ones that catch you going through the red light. >> turns out why one big city system never really worked so they're shutting it down. this is "the early show" here on cbs. >> this portion of "the early show" sponsored by the volkswagen autobahn for all event. hurry in before the deals hurry out. [ male announcer ] get ready for the left lane. the volkswagen autobahn for all event is back. right now, get a great deal on new volkswagen models, including the jetta, awarded a top safety pick by the iihs. that's the power of german engineering. hurry in and lease the jetta s for just $179 a month. ♪ visit vwdealer.com today. i've never tasted anything so delicious. richard, why are you wearing grandpa's jacket? i'm not richard. i'm grandpa smucker. male announcer: tim and richard smucker always looked up to their father and grandfather knowing that one day they too would make the world's best jam. grandpa says it like, i've never tasted anything so delicious! i've never tasted anything so delicious! tim: [ laughing ] you got it! male announcer: for five generations, with a name like
examined all the pieces of a potential big deal, spending cuts, entitlement reforms, savings from the tax cut and employment insurance. the big deal is his preference but he'd accept a small $2 trillion deal. there's also a proposal by senators harry reid and mitch mcconnell to give the president the authority to extend the debt ceiling through 2012 without the consent. >> he described it as a last ditch effort in case we're unable to do anything else and what may look like something less than optimal today if we're unable to get to an agreement might look pretty good a couple of weeks from now. >> reporter: that fallback agreement is looking more and more likely. sources say that the person who made the most of the argument on wednesday, eric cantor, didn't even open his mouth yesterday in the meeting, and they say that they expect things to move forward, but they don't know how fast. there's no meeting today, but we will hear from the president at a news conference later this morning. >> bill, thanks. we will be carrying that news conference for you here on cbss apart of our special cov
day in the big city. i'm russ mitchell. >> i'm rebecca jarvis. from the jobs to the royals and the shuttle launch and to betty ford. >> a courageous first lady who battled addiction to pain killers and addiction to alcohol and defeating breast cancer. she died in palm springs, california, she was 93 years old. scott pelley takes a look back at her remarkable life. >> reporter: relatively unknown until her husband became president, betty ford became one of the most popular and respected women in america. born elizabeth anne bloomer april 18th, 1918, she grew up in grand rapids, michigan. she dreamed of becoming a professional dancer and after high school she moved east to study under martha graham, the high priestess of modern dance. she earned a spot in the auxiliary dance troupe but her mother pressured her to leave the troupe in 1941. she performed in her own dance troupe, married and divorced and then met a young man named gerald ford, they married in 1948, weeks before ford was elected to his first term in congress. through the 1950s and '60s, they were a traditional an
's not as risky as an uncontrolled delivery and emergency surgery. so really, three big differences here when you compare it to a standard c-section. time. normally when we do a c-section we can have the baby out in seconds. this operation, as we heard, takes hours, before then the baby was born. also, type of an es 2450esh yeah. the goal in the c-section is to keep the baby awake and the mother calm, with good anesthesia so that the anesthesia doesn't go to the baby. in this case you want that anesthesia to the baby because you don't want the baby moving. in blood loss, in a c-section you want to keep the uterus contracted so you don't lose a lot of blood. this is the opposite. it's incredible. >> nice to have you with us. we'll be right back. >> "cbs healthwatch" sponsored by v-8 v-fusion juice. vegetable and fruit juice that just tastes like fruit. discover customersl are getting five percent cashback bonus at the pump... and at many of the places their summer plans take them. it pays to switch, it pays to discover. you get so hooked you'll want to pass it on to a friend. go to getfreshwithafr
're doing it over in the uk, there's not, that pond is not too big an expanse of water. >> let me ask you about rupert murdock, involved in a $19 billion deal, 12 billion pounds to purchase british sky news, what does it do to that transaction, which is so massive. >> it threatens that transaction deeply. if you had david cameron getting into the business of murdock saying you should accept the resignation or fire a top executive in london, rebekah brooks, you have to think this deal is threatened. >> i want to bring in eleanor goodman, long time political eleanor for channel 4 news in great britain. good morning to you. >> good morning. >> we heard the prime minister david cameron saying the "cozy relationship between the british media and politicians ends now." this is going to raise some eyebrows, this coming from a man who would hire the former editor to be his communications director, andy colson and close relationship with rebekah brooks who runs the publications department for rupert murdock. how can he say this with the relationships he's had? >> it's not just him who has had the
. however there is disagreement over that point, big disagreement over that point. >> the other thing we'll be looking at is of course whether or not there will be issue with the credit rating. we'll talk about that. rebecca thanks. chris? >> thank you. >>> there is news of another arrest in the widening phone hacking scandal in britain. rupert murdoch is being pressured to appear before lawmakers in london and washington. dana lewis is in london good morning. >> reporter: good morning, we're hearing a ninth person has been arrested in the phone hacking scandal, the former executive editor of the "news of the world," but the late breaking news here this morning is the british government committee has just issued a summons for rupert and james murdoch to appear before them to answer questions about what they knew in the phone hacking scandal but legally there is a serious question over whether they can be compelled to appear. damage control in high gear rupert murdoch and son james in london trying to find a way to put out the fire. news corp shut out "nut of the
on the "cbs evening news." >> all right. good news here. guess whose birthday is today? >> big "g." >> that's right, jeff glor at the news desk. >> happy birthday. >> that is very nice. unexpected surprise. >> chris baked a cake. >> wow. >> get ready. >> after the show. good morning. we begin here now with an assassination in afghanistan. the powerful half-brother of afghan president hamid karzai was murdered this morning. officials say that ahmed wali karzai was shot to death by one of his own bodyguards at his home in kandahar. cbs news correspondent mandy clark is there. >> god willing there will be an answer of pain and suffering on the people, and peace and security will be implemented in our country so that no other afghan family will go through such pains that we all have suffered. >> reporter: ahmed wali karzai was a controversial figure. he was widely seen as the de facto governor of kandahar province, giving orders to public officials behind the scenes, but more importantly in this society, solving tribal disputes. over the years there were persistent reports that he was involved
dollars, subsidies for gas and big oil. the tax for 2% -- >> if i may point out -- >> that's taxpayer money being spend. the definition of spending has to be broadened here otherwise the rules of engagement for compromise -- >> if i may point out something, please. >> go ahead. >> with the passage of obama care, it was the democrats and the president that took $575 billion out of that program. now we have a program that is too expensive to afford. it is an imperative that we put the spending issue, and every economist, liberal or conservative, every ratings agency says what we have to see from the congress of the united states is a plan for how to deal with this out of control federal spending. >> ten seconds from you representative grualba. >> $575 billion part of the health plan, ryan took complete credit as a deficit reduction, i find it interesting. ryan's budget, every republican in the house it's $6 trillion added to the debt. >> we do not have that problem we have a spending problem. >> we see an example of what's going on in capitol hill, we'll be talking about this later on t
and congressmen don't get social security, they get really big pensions for life, so i don't think they really care whether anybody else out there starves. >> clearly, no one is taking this lightly. >> folks depend on it. rebecca, thanks. >>> there is news this morning of another arrest in the phone hacking scandal in britt. in the meantime, rupert murdoch is pressured to appear about lawmakers in london and washington. dana lewis is in london with more on this this morning. >> reporter: we are hearing a ninth person has been arrested. the former executive editor of "news of the world." the late-breaking news this morning is the british government committee issued a summons for rupert and james murdoch to appear before them to answer questions what they knew in the phone hacking scandal but legally a serious question whether they can be compelled to appear. did this control in high gear. rupert murdoch and his son james in london trying to find a way to put out the fire. in a matter of days, their company news corp shut down a newspaper "news of the world." withdrawn a bid for a pay television
Search Results 0 to 17 of about 18 (some duplicates have been removed)